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News - 15 April 2011

Solent LEP fails to secure 26m from regional growth fund

Solent LEP fails to secure £26m from regional growth fund

Plans by The Solent Local Enterprise Project (who have replaced SEEDA) to improve Junction 5 of the M27, a widening of Platform Road in Southampton and a new link road to a proposed £90m business park in Havant, which was estimated to have created 3155 new jobs, has been rejected by the Government.

Shadow Business Secretary John Denham, MP for Southampton Itchen, said: “This is very disappointing but not surprising. The Government has cut the amount of money for regional development by more than two-thirds. That made it likely that the south would lose out under this government.”

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